Lucrative Portfolio

Lucrative Portfolio is a horse racing service which has three bet types in the portfolio: win, place and lay. Bets are available on the website members’ area in the morning, and are set and forget. Staking is advised as a percentage of the bank.

THE CHALLENGE

You may remember that this service did rather well in the year leading up to the test, turning a £500 starting bank at advised stakes into over £9,000. When you’ve reached that figure, if you do the same again, you should be able to make a decent income from it. So – the challenge was, starting from September 24th, to see if he could repeat the outcome. Michael never made any claims that it would repeat the dose, this was my challenge to myself to see if I could do the same. Unfortunately, I didn’t get anywhere near it, but it did make an overall profit (before subscription fees).

There were three levels of risk and all made a profit, the highest level obviously making most, as it would if all were in profit, so we’ll concentrate on that.

Now, you may think that is impressive as it equates to more than 22 points average per month profit. However, you have to realise that for every bet, you have to lay out at least 30 points risk per lay bet (recently adjusted to 20 points), 20 points per place bet and 10 points per win bet. So if you adjust the headline figure to single points per bet, you arrive at an overall profit of 11 points (compounded). For avoidance of doubt, the system is based on a 500 point bank. Bets are advised on a percentage of bank basis, so a win bet is advised at 2% of the bank. For a £500 bank, that’s £10, or 10 points. Place bets are advised at 4% of bank, and lay bets at 4% liability of bank (previously 6%). So at £1 per point, the lowest liability per bet you would have would be £10.

The figures for each tranche are as follows (compounded staking, highest risk bank)

WIN

33 WINNERS

262 LOSERS

11 NON RUNNERS

STRIKE RATE 11%

ROC -1%

ROI -.2%

P/L -4 POINTS

PLACE

142 WINNERS

147 LOSERS

12 NON RUNNERS

STRIKE RATE 47%

ROC 19%

ROI 1.5%

P/L +93 POINTS

LAY

182 WINNERS

38 LOSERS

13 NON RUNNERS

STRIKE RATE 78%

ROC 35%

ROI 2.3%

P/L +176 POINTS

So, the upshot?

Well, I think you need to look at the ROI. It’s small, but if you have a very large bank, it’s workable. Remember, from a starting 500 point bank at high risk, you would have made 265 points, so £500 bank = £265 profit over a year. Great compared with a building society account but nowhere near what was achieved with this service in the year leading up to the trial. And, of course, at £1/point, after you had paid the subscription fees, you would actually be losing money.

I know Michael runs other services and I understand his Back Lucrative service has been on fire recently. The fact is, though, that this has been an extensive trial which has failed to make a profit at £1/point after subs to compounded stakes, so I’m afraid I’m going to have to fail it.

Cash Master readers can jump on for the first 30 days at a mere £7, and that comes with a full money-back guarantee. After the trial, cost for membership is just £24.75 per month based on a yearly subscription, or £32.33 per month based on a quarterly subscription.